Green Plains Sees Unusually High Options Volume (GPRE)
Green Plains Inc (NASDAQ:GPRE) was the recipient of unusually large options trading on Tuesday. Stock traders purchased 1,627 put options on the company. This represents an increase of 2,192% compared to the average volume of 71 put options.
Green Plains (NASDAQ GPRE) opened at $16.70 on Friday. Green Plains has a twelve month low of $15.60 and a twelve month high of $29.85. The company has a quick ratio of 0.70, a current ratio of 1.57 and a debt-to-equity ratio of 0.82.
Green Plains (NASDAQ:GPRE) last announced its earnings results on Wednesday, November 1st. The specialty chemicals company reported ($0.18) EPS for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.47). Green Plains had a negative return on equity of 0.88% and a net margin of 0.92%. The company had revenue of $901.20 million during the quarter, compared to the consensus estimate of $933.36 million. During the same period in the prior year, the business posted $0.20 earnings per share. Green Plains’s revenue for the quarter was up 7.0% compared to the same quarter last year. equities research analysts predict that Green Plains will post -0.66 EPS for the current year.
In other news, Director Wayne Hoovestol purchased 102,653 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were purchased at an average cost of $16.37 per share, for a total transaction of $1,680,429.61. Following the purchase, the director now directly owns 218,277 shares in the company, valued at approximately $3,573,194.49. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ejnar A. Knudsen III purchased 15,483 shares of the company’s stock in a transaction dated Thursday, November 30th. The stock was purchased at an average price of $16.54 per share, for a total transaction of $256,088.82. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 148,136 shares of company stock worth $2,439,918. Company insiders own 6.40% of the company’s stock.
A number of large investors have recently bought and sold shares of the business. Capstone Asset Management Co. raised its holdings in Green Plains by 0.4% during the second quarter. Capstone Asset Management Co. now owns 15,513 shares of the specialty chemicals company’s stock valued at $319,000 after acquiring an additional 60 shares during the period. Public Employees Retirement System of Ohio raised its holdings in Green Plains by 1.4% during the second quarter. Public Employees Retirement System of Ohio now owns 7,612 shares of the specialty chemicals company’s stock valued at $156,000 after acquiring an additional 104 shares during the period. Suntrust Banks Inc. raised its holdings in Green Plains by 2.3% during the second quarter. Suntrust Banks Inc. now owns 16,423 shares of the specialty chemicals company’s stock valued at $337,000 after acquiring an additional 370 shares during the period. Louisiana State Employees Retirement System raised its holdings in Green Plains by 4.8% during the second quarter. Louisiana State Employees Retirement System now owns 15,200 shares of the specialty chemicals company’s stock valued at $312,000 after acquiring an additional 700 shares during the period. Finally, Arizona State Retirement System raised its holdings in Green Plains by 4.9% during the second quarter. Arizona State Retirement System now owns 19,397 shares of the specialty chemicals company’s stock valued at $399,000 after acquiring an additional 900 shares during the period.
A number of equities analysts have recently issued reports on the company. Zacks Investment Research upgraded Green Plains from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 4th. Piper Jaffray Companies set a $19.00 target price on Green Plains and gave the stock a “hold” rating in a report on Friday, October 6th. Craig Hallum assumed coverage on Green Plains in a report on Thursday, September 14th. They issued a “buy” rating and a $29.00 target price on the stock. ValuEngine raised Green Plains from a “sell” rating to a “hold” rating in a report on Wednesday, September 13th. Finally, Roth Capital set a $25.00 target price on Green Plains and gave the stock a “buy” rating in a report on Tuesday, October 24th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $25.33.
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About Green Plains
Green Plains Inc is an ethanol producer. The Company owns and operates assets throughout the ethanol value chain, including upstream, with grain handling and storage through its ethanol production facilities, and downstream, with marketing and distribution services. It operates through four segments: Ethanol Production, Agribusiness and Energy Services, Food and Food Ingredients, and Partnership.
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